7th Aug 2012 07:00
Sports Direct International plc ("Sports Direct" or the "Company")
7 August 2012
PURCHASE BY THE SPORTS DIRECT EMPLOYEE BENEFIT TRUST OF EMPLOYEE SHARES
Further to the Company's announcement of 3 August 2012, the Company confirms that on 6 August, Appleby Trust (Jersey) Limited as trustee of the Sports Direct Employee Benefit Trust (the "Trust") purchased 7,115,754 ordinary shares at a price of 300.00 pence per share, representing all the ordinary shares which the Sports Direct employees have elected to sell on vesting of their awards under the 2009 Bonus Share Scheme (the "Share Scheme"). A further 506,245 shares vested and were distributed to relevant staff.
The Trust has purchased these Shares in order to help meet future obligations arising under the Share Scheme and the Company's other share schemes. No Directors have sold shares as part of this arrangement.
Enquiries:
Sports Direct International plc T: 0845 164 1730
Dave Forsey, Chief Executive
Bob Mellors, Group Finance Director
FTI Consulting T: 0207 831 3113
Jonathon Brill
Alex Beagley
Georgia Mann
Related Shares:
Frasers Group